Anglo American (AAL) has often existed in the shadow of the world’s two biggest miners, BHP (BHP) and Rio Tinto (RIO), though it operates a more diversified portfolio that offers more safety during downturns but also slower reactions in bull runs.
Its interim results show it has finally hit its straps, recording a record interim underlying cash profit figure of $12bn (£8.6bn), almost triple last year’s figure. Copper, platinum group metals (PGM) and iron ore were the key drivers for this profit level.